Accounting standards

A new report says that federal credit programs are costing tens of billions more than stated because the federal government isn't using fair value accounting.

The International Federation of Accountants named its next president, deputy president, new board members and approved member organizations.

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year.

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

The International Public Sector Accounting Standards Board released a draft version of a sustainability reporting standard for use by governments around the world.

Whenever MicroStrategy implements a new accounting rule, and values its crypto assets at market value at the end of each reporting period, that could trigger a major cash tax obligation.

The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.

A proposed ASU would update the guidance on accounting for software, specifically when it comes to developing software for internal use.

Questions have been raised about how Crowdstrike accounted for the deal in its financial statements.